High and Persistent Inflation Is Caused By

question 31

Multiple Choice

High and persistent inflation is caused by:

• A) Unions increasing wages too much.
• B) OPEC raising the price of oil too much.
• C) Governments increasing the quantity of money too much.
• D) Regulations raising the cost of production too much.

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Definitions:

Wilderness Areas

Natural environments on Earth that have not been significantly modified by human activity, designated for conservation and as habitats for numerous species.

Biological Diversity

The encompassing term for the variety among living organisms from all sources, including terrestrial, marine, and other aquatic ecosystems.

Sustainable Timber

Timber harvested in a way that maintains the long-term health and biodiversity of the forest, ensuring a continuous supply of wood.

Ramsar Sites

Wetland sites designated to be of international importance under the Ramsar Convention, aimed at conserving biological diversity and promoting sustainable use of wetlands.